$ASTS Still Bullish Above $50 But Buyers Need to Show Up
$AST SpaceMobile, Inc.(ASTS)$ is still holding its bullish market structure, but we need buying pressure to step in soon.
The monthly BX is still red, which tells us that buying pressure remains weak.
However, the more important factor is that the macro structure is still bullish, just as we discussed before.
As long as $ASTS continues to hold above $50 and does not sweep that previous swing low, I’m still anticipating a larger breakout over the next six to twelve months, potentially taking price back toward $100 or higher.
I’ll remain bullish on this name until the $50 support level breaks.
That said, I do think this could take a while to play out.
The internal structure is still bearish because short-term price action has not been able to make a higher high.
So, we still need to see buyers step in and change that structure.
But if I were bullish on ASTS and had the patience to let the trade develop, I would still see serious upside over the next six to twelve months.
This is not something I would expect to happen overnight.
For now, the main level remains $50.
As long as that support holds, the larger bullish thesis remains intact.
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